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You’ve met the one, settled down, and had kids. That comes with responsibilities not only to yourself but your family. With a spouse and kids now to support alongside your parents, the years can become financially demanding with expenses such as bills, mortgage, petrol, etc.
What if the unthinkable happens and your family has to go on without you providing or even having to bear your debts? What if you can’t afford your medical bills? What if you do not have enough for retirement, and one day you might have to rely on your family?
It’s important to be financially protected
Young and single? Feeling healthy? Have no commitments to a spouse or any children? So why get insured? As an overall benefit of being young, it’s because premiums are cheaper and you could be saving money in the long-run. But there’s more to it!
Here are 4 types of insurance to consider as a young single person and why.
You may have lower health risks, but nobody is risk-free. Unexpected medical bills can occur at any age. Also, your family may have a medical history which would make getting insured even more important.
Being young and single, and still